Bangladesh’s treasury may be empty in 6 months, loan sought from IMF – Press Review
According to the report of Bangladesh’s news website Daily Star, the government there has sought a loan of $ 4.5 billion from the International Monetary Fund (IMF) to keep the depleting foreign exchange reserves stable.
Delegates from Egypt, Iran, Malaysia, Nigeria, Pakistan, Turkey and Bangladesh under the banner of D-8 spoke on alternative financial trading on Tuesday. In this, transactions in each other’s currency were also considered in order to get rid of the pressure of foreign exchange reserves.
The English newspaper The Hindu has given prominent place to this news by quoting the news agency AFP. Bangladesh Foreign Minister AK Abdul Momen said that the economy of D-8 countries is five trillion dollars. He said that the D-8 countries are working to increase free trade agreement and mutual trade.
Organizers say that the member countries involved in this meeting are talking to Iran and Nigeria along with other top oil producing countries of the world regarding energy security.
